In re Strategic Labor Inc.
Mar
05
2012
Ruling
Debtor allowed recovery of cost of preserving and selling property subject to IRS lien but ordered to disgorge unauthorized payments from proceeds.
Procedural posture
The IRS, as a creditor, filed a motion for adequate protection, accounting, disgorgement, and payment of a prepetition tax claim. The chapter 11 debtor, as a debtor-in-possession, sought the recovery of reasonable and necessary costs and expenses of preserving and disposing of property under 11 U.S.C.S. § 506(c).
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Court
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